1940 Quarter – For many amateur eyes, or untrained ones, a single penny might not be much worth it, but for collectors and trained eyes, the value could be much worth it, and there is always hidden intrinsic value behind it. So, how was the 1940 Quarter value and pricing in the market? How valuable it is?
In this article, we will show you the 1940 penny, or a quarter penny that will be worth your time.
Coin collecting is one of the most popular hobbies, however many people see old coins as key investments in their money, so not just as collectibles. Some older and rarer coins such as the sovereign penny, gold coins, etc. could be valued much more than you think.
That’s why many people became coin hunters and wanted to invest more of their money, in many old coins, such as the 1940 quarter value and penny.
Before we delve deeper into the 1940 quarter value, let’s take a look at the coin specifications, how they are different from any other pennies, and how fair the pricing for these pieces is.
Normally, the old coin pricing is based on their rarity and grading, how rarer it is in circulation, how the grade of each coin and whether is it see circulation or not, as well as how much the 1940 Washington quarter value and pricing are.
The Specifications Of The 1940 Quarter Value And Coins
Even though the coin, 1940 quarter value wasn’t so great, as they have very minimal numismatic coin worth, as well as historical, some of the specimens of the 1940 quarter are still worth it, especially since it was 1940 silver bullion, especially some of the 1940 quarter error that is a very rare find.
Keep reading more in our article here to find out more about these coins, and some tips on how to track them.
First, let’s take a look at the 1940 silver bullion specifications, or also called the Washington quarter:
- Coin type: Washington Quarter
- Year: 1940
- Initial face value: $0.25
- Metal composition: 90% silver, and 10% copper
- Silver total weight: .18085 oz
- Total coin weight: 6.25 grams
- Current marketable value: $3.4
The United States government minted three types of Silver Bullion during the year 1940, the 1940 quarter that has no mint mark, the 1940 d quarter coin value, and the 1940 S quarter.
These three have differences based on where they are minted, the total quantity they were minted during the year 1940, and the mint mark. A Mint mark can be found under the date, on the reverse coin side.
First, let’s take a look at the 1940 quarter value no mint mark as it is one of the most commonly minted quarter coins. It was minted in Philadelphia with a total quantity of 35.705.000, with these bulging numbers, it is one of the most common types of the 1940 quarter, and the initial value for this type would be much lower compared to the other category.
There are also the 1940 D quarter coins, it was minted in Denver, hence the D mark. It was minted with only a handful amount of 2.798.500, and it was circulated in Denver and states near it.
The last category is the 1940 S quarter coin that was minted in San Francisco with the total amount minted being 8.254.000, and it was the S-proof penny.
Depending on these three categories, there are many differences, and different pricing of the 1940 quarter value today compared with many other types of coins.
As you can see, the differences come from the category, grading, and condition, but how does exactly we know about the 1940 Washington quarter value, and how we graded them exactly? We need to know how it was graded first.
How The 1940 Quarter Value Was Graded?
The 1940 quarter value and the 1940 d quarter value follow the national grading chart in the US, with the grade ranging from poor, good, fine, extremely fine, and uncirculated grade. Along with that, there was also a higher grade even further than an uncirculated grade, with the AU, and MS grades that could reach more than $27.000 to even $36.000.
The grading was generally based on the conditions of the coin itself, so based on the conditions, and the damage the coin has, we can see 1940 s quarter value for example, based on its wear and tear, the conditions of its silver plating, etc.
The more money has seen circulations, the more it will be damaged by environmental conditions; hence it will not retain much of its pricing.
One thing you should know is, that the pricing of the 1940 quarter can also be increased, or decreased at any time notice, as it is affected by many things, such as the pricing of precious metals, rarity, grading, and general demand for old coins ( foreign coins worth money ).
You can consult the nearest coin grader, as well as a coin dealer that can inform you about the general market prices for every piece of old quarter or pennies.
Here, we give you approximate measures of how much the 1940 quarter would fetch on today’s antique market, as well as the pricing for each category:
- 1940 Quarter No Mint Mark Value: The good and fine grade for this quarter is the same, as it would only reach around $3.12, while the extremely fine grade could reach more than $3.50, and the uncirculated grade of this category could reach for around $25, as it is the most common coin, no wonder the 1940 quarter dollar coin value won’t be much higher than the other.
- 1940 D Quarter Value: Its silver 1940 quarter value in good and fine grade could reach around $3.12, the same as another category, however, the extremely fine grade itself could reach around $16, while the uncirculated grade can be worth in whopping of $82. It is the least amount minted, hence it is rarer than the other two, and a more valuable find.
- For the 1940 S Quarter Value: The good and fine grade of the S quarter is around $3.12, as we can see it is the standard value for every Washington Silver Bullion.
The pricing for extremely grade, however, can reach around $3.73, slightly higher than the no mint mark condition, while the 1940 silver quarter value of the uncirculated S quarter would reach around $32.
Frequently Asked Questions Regarding About 1940 US Quarter Value
If you want to start collecting the 1940 Washington quarter, then you might as well see a few of these frequently asked questions. Some of these tips might even be able to help you in collecting the best and certainly rarer type of the 1940s quarter.
If you need any help, such as how to distinguish the rarer 1940 quarter, from the usual one, we can help you here. Refer to our guide, and 1940 silver quarter value chart that can help you in distinguishing the best, and most worth 1940 quarter value. So, here are the frequently asked questions about the 1940 Washington quarter.
How Much Is The 1940 Quarter Worth?
Just like we mentioned earlier, the market value for the good and fine grade of the 1940 quarter will be worth exactly $3.12. Lower grade than good or fine, it won’t be worth so much, and the pricing will be just like its initial face value of $0.25.
However, if the grade was higher than fine, an extremely fine grade could be worth around $16 for the D category of the 1940 quarter, but if it isn’t a D coin, then the price would be at least $3.87.
However, some special uncirculated grades could reach more than $20, as the price of 1940 D with an uncirculated grade, for example, can reach more than $85.
How Much Silver Is In A 1940 Quarter?
The 1940 quarter was made from silver, that’s why it is also nicknamed Washington Silver Bullion, however, it isn’t pure silver, as the metal composition is 90% silver with 10% copper. This is good enough since the pricing of silver will surely be inflated the longer it is kept, and the prices for every 1940 Washington Silver Bullion will keep on rising, as the silver prices also keep on rising.
Where Is The Mint Mark On A 1940 Quarter?
The mint mark can be seen on the reverse side of the Silver quarter, to be exact, it is under the logo of American Bald Eagle, the logo of the United States of American government. If there is no mark to be found, that means it belongs to the no-mark category that has been minted in Philadelphia, while the S and D marks are much rarer than the no-mark counterparts.
So that’s our discussion about the worth, pricing, and market worth for the 1940 quarter value. If you want to get your hand on the best pieces of the 1940 quarter, contact other coin dealers, as well as other coin collectors that will have what you need.
Learn About the Other Quarters Here:
1940 Quarter | 1964 Quarter | 1966 Quarter
1969 Quarter | 1974 Quarter | 1977 Quarter
1978 Quarter | 1979 Quarter | 1980 Quarter
1983 Quarter | 1984 Quarter | 1946 Quarter
1961 Quarter | 1968 Quarter | 1965 Quarter
1967 Quarter | 1988 Quarter | 1953 Quarter
1998 Quarter | 1970 Quarter | 1981 Quarter
1776 to 1976 Quarter